Nationwide Fund Advisors boosted its position in Rice Energy Inc. (NYSE:RICE) by 3,384.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,174 shares of the company’s stock after buying an additional 120,610 shares during the period. Nationwide Fund Advisors owned approximately 0.08% of Rice Energy worth $2,737,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of RICE. Kennedy Capital Management Inc. purchased a new stake in Rice Energy during the first quarter worth $2,812,000. Teachers Advisors Inc. raised its stake in Rice Energy by 32.0% in the first quarter. Teachers Advisors Inc. now owns 97,326 shares of the company’s stock worth $1,359,000 after buying an additional 23,593 shares during the period. TIAA CREF Investment Management LLC raised its stake in Rice Energy by 146.8% in the first quarter. TIAA CREF Investment Management LLC now owns 385,929 shares of the company’s stock worth $5,388,000 after buying an additional 229,543 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Rice Energy during the first quarter worth $24,779,000. Finally, BlackRock Inc. raised its stake in Rice Energy by 3.6% in the first quarter. BlackRock Inc. now owns 57,843 shares of the company’s stock worth $807,000 after buying an additional 2,000 shares during the period. 95.95% of the stock is currently owned by institutional investors.
Rice Energy Inc. (NYSE:RICE) traded up 1.33% during midday trading on Friday, hitting $27.38. 6,352,077 shares of the stock traded hands. The stock’s market cap is $4.29 billion. The company has a 50-day moving average price of $26.73 and a 200 day moving average price of $21.50. Rice Energy Inc. has a one year low of $7.92 and a one year high of $29.36.
Rice Energy (NYSE:RICE) last announced its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The business had revenue of $116 million for the quarter, compared to analysts’ expectations of $180.12 million. During the same period in the previous year, the company earned $0.03 earnings per share. Rice Energy’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Rice Energy Inc. will post $0.04 earnings per share for the current year.
RICE has been the topic of a number of research reports. RBC Capital Markets reaffirmed a “buy” rating and set a $30.00 target price (up from $29.00) on shares of Rice Energy in a research report on Monday, October 3rd. Mizuho initiated coverage on shares of Rice Energy in a research report on Wednesday. They set a “buy” rating and a $43.00 target price on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Rice Energy in a research report on Friday, September 9th. National Securities raised their target price on shares of Rice Energy from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Finally, Williams Capital initiated coverage on shares of Rice Energy in a research report on Monday, August 29th. They set a “hold” rating and a $29.00 target price on the stock. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Rice Energy currently has a consensus rating of “Buy” and an average price target of $26.73.
Rice Energy Company Profile
Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.
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